December 27, 2021
2 mins read

EU envisages strategy to counter China’s Belt and Road Initiative

Therefore, European policymakers seem to have understood the Chinese economic and geopolitical designs…reports Asian Lite News.

European Union has envisaged better planning to counter China’s Belt and Road Initiative (BRI) and become a stronger geopolitical entity.

Eight years after the announcement of the Belt and Road Initiative (BRI) — conceived first as One Belt, One Road, the European Union (EU) has a good plan to counter it and become a stronger geopolitical actor in an era of strategic competition as European policymakers seem to have awakened to Chinese economic and geopolitical designs, according to National Interest.

Therefore, European policymakers seem to have understood the Chinese economic and geopolitical designs.

In line with this vision, Beijing is expanding Chinese outreach in the global economy, reducing its technological dependence on the West–in line with its “Made in China 2025” — and maintaining a favorable external influence while addressing domestic challenges writes Valbona Zeneli for the National Interest.

The BRI is an economic and geopolitical necessity for Beijing as it tries to unlock the potential for new sources of growth and export markets for China’s excess industrial capacities in its struggling industries (construction, steel, and cement) which could be done through advance innovation.

Despite Beijing’s significant investment to strengthen the BRI’s narrative power — focusing on the mantra of a “win-win” strategy, promising to advance global development, and presenting China as a benevolent rising power —BRI has become controversial and caused a backlash in several countries, according to National Interest.

Since its inception, 2013, most Chinese projects in Eurasia have been incorporated into the BRI, the brainchild of President Xi Jinping, a foreign policy narrative that exports the “China Dream” that was cemented into the Chinese Communist Party’s constitution during the Nineteenth Party Congress.

To put this into perspective, since the launch of the BRI in 2013, the EU and the United States together have contributed USD 800 billion to global development — more foreign aid to developing countries than China’s BRI loans, writes Valbona Zeneli for the National Interest. Further, a grant represents a much bigger financial contribution than a loan, and the EU’s donations alone ($550 billion since 2013) are greater than the BRI’s infrastructure lending thus far.

ALSO READ-Putin briefs Boris about Ukrainian situation

Previous Story

Nepal Struggles to Stem Corona

Next Story

Indian scientists reveal new layer of monsoon circulation’s link to Antarctica

Latest from -Top News

India, US Step Up Trade Talks

The development comes in the backdrop of the new US ambassador Sergio Gor taking charge in the US embassy is New Delhi….reports Asian Lite News India and the United States are progressing

Lanka Marks Next Phase of Indian Housing Drive

Phases III and IV of the Indian Housing Project highlight India’s commitment to supporting and empowering Sri Lanka’s Indian-origin Tamil community….reports Asian Lite News Sri Lankan President Anura Kumara Dissanayake on Sunday

China’s Grab for Africa

China’s investments aim to strengthen its geopolitical influence and its high-tech manufacturing sector in Africa…reports Asian Lute News China is further consolidating its dominance in the rare earth elements sector by expanding

Pakistan Courts in Peril

The question now is whether Pakistan’s courts can continue to function as guardians of the law, or whether they will be reduced to instruments of control…reports Asian Lite News Pakistan judiciary’s independence
Go toTop

Don't Miss

India, China agree to expedite resolution of LAC standoff

The 18th round of Corps Commander Level talks ended on

Chinese authorities detain Japanese diplomat for ‘acting inappropriately’

“This case is a clear violation of the Vienna Convention